(Bloomberg) — Only 19 months after the Camp Fire erupted in the tinderbox mountains of Northern California, PG&E Corp., the power utility behind the deadliest conflagration in the state’s history, is poised to emerge from bankruptcy with its safety still in question.As the state braces for yet another wildfire season, U.S. Bankruptcy Judge Dennis Montali said in a hearing that he plans to issue a decision Wednesday approving PG&E’s $59 billion turnaround plan. The shares rose as much as 2.6%.“I’m going to come to the conclusion that the plan should be confirmed,” Montali said.The decision concludes a tumultuous chapter for …read more
Source:: Yahoo Finance
